Central Government

The government is planning to raise Rs 65,000 cr through divestment in public sector companies in the current financial year

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The government of India has set a target of raising Rs 65,000 crore through divestment in public sector companies in the current financial year. This is the highest divestment target ever set by the government. The divestment proceeds will be used to fund the government’s infrastructure and social welfare programs. The government has identified a … Read more

₹1,18,280 crore tax devolution for State Govts by the Centre

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The Union Government has released the third instalment of tax devolution to State Governments amounting to ₹1,18,280 crore on 12th June, 2023. The distribution of the funds is as follows: SL No. State Amount (in crores) 1 Uttar Pradesh 21,218 2 Bihar 11,897 3 Madhya Pradesh 9,285 4 West Bengal 8,898 5 Maharashtra 7,472 6 … Read more

Indian Government approves world’s largest food storage scheme

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The Indian government has approved the world’s largest food storage scheme, which will cost ₹1 lakh crore (US$14 billion). The scheme will involve the construction of 70 million tonnes of food storage capacity in the cooperative sector, which will help to improve food security in India. The scheme was approved by the Cabinet Committee on … Read more